Elon Musk's Net Worth Jumps $61 Billion to $979.7 Billion as SpaceX, Tesla Rally
Updated
Updated · Yahoo Finance · Oct 2
Elon Musk's Net Worth Jumps $61 Billion to $979.7 Billion as SpaceX, Tesla Rally
3 articles · Updated · Yahoo Finance · Oct 2
Summary
$61 billion lifted Elon Musk's fortune to $979.7 billion by Friday afternoon, putting him back within reach of the $1 trillion mark.
SpaceX shares rose more than 7% to $158.84 after several successful launches in 24 hours, while Tesla gained about 5% to $371.32 after reporting 486,532 third-quarter deliveries that beat expectations.
The rebound widened Musk's lead atop Forbes' real-time rich list, leaving him roughly $600.5 billion ahead of No. 2 Jeff Bezos, whose net worth stood at $370.7 billion.
Musk first crossed $1 trillion in June after SpaceX's IPO, then repeatedly fell back below that level as SpaceX shares slid and restrictions on $116 billion of Tesla stock cut into Forbes' calculation.